Today, Ashley Feinstein Gerstley suggests seven smart money moves to help you prepare financially for the new administration in her latest column, Money Matters with The Fiscal Femme. Meanwhile, as we embark on the second week of Black History Month, CEW is promoting a special presentation from its recent virtual DEIB Summit, where top beauty industry executives discussed inclusivity’s evolving role in the shifting political landscape. Four key themes emerged: empathy, commitment, leadership, and DEIB as a business imperative.
Also at CEW, we unpack how the trends coming from The Future of Wellness 2025 Trends report will impact beauty. “Individuals are increasingly turning to wellness and healing as essential coping mechanisms,” writes CEW reporter Melissa Hago. “This growing focus on well-being has propelled the wellness industry to a record valuation of $6.3 trillion, with projections indicating expansion to $9 trillion by 2028.”
Today is International Women and Girls in Science Day, and, to mark the occasion, Forbes.com has an article suggesting that a holistic approach is needed to close gender gaps across STEM professions. “It’s time to face up to a stark reality – even in 2025, women are still drastically underrepresented across STEM professions,” writes Forbes contributor Kath Mackay.
In breaking news, Coty Inc. has reported a decline in sales during Q2 of the 2024/25 fiscal year. Its revenue for the three months ending December 31 totaled $1.67 billion, representing a 3% decrease from the same period last year, Shiseido has reported a 73% decline in its annual profit, reporting an operating profit of 7.58 billion yen (US$49.9 million) for the fiscal year ending December 31. Meanwhile, L’Oreal Groupe has reported its 2024 annual results, seeing a 5.1% like-for-like sales growth and 43.48 billion euros ending December 31, 2024.
In markets updates, the Chinese fragrance distributor Eternal Beauty has revived its Hong Kong IPO bid, according to WWD. Based in Hong Kong, the company works with Hermès, Van Cleef & Arpels, Chopard, Albion, and Laura Mercier in mainland China, Hong Kong, and Macau.
Unilever’s hair care brand K18 has inked a distribution deal with Sally Beauty’s salon segment and will enter Beauty Systems Group stores in the U.S. and Canada, along with e-commerce, in April. Meanwhile, businessman Dennis Bastas’ DBG Group has taken full ownership of the Australian beauty brand MCoBeauty.
Catch up on these and other stories at the links below.
How To Financially Prepare For The New Administration. In her latest CEW column, Money Matters With The Fiscal Femme, Ashley Feinstein Gerstley suggests seven smart money moves. (CEW)
Top Beauty Executives Discuss Inclusivity in 2025. We report on the four key themes that emerged at the recent CEW virtual DEIB Summit. (CEW)
The Game-Changing Global Wellness Trends To Watch. CEW unpacks The Future of Wellness 2025 Trends report, unveiled at The Global Wellness Summit (GWS. (CEW)
Women Underrepresented Across STEM Professions. An article at orbes.com to mark International Women And Girls In Science Day suggests a holistic approach is needed to close gender gaps. (FORBES)
Coty Inc. Sales Decline. The group has reported a decline in sales during Q2 of the 2024/25 fiscal year. Its revenue for the three months ending December 31 totaled $1.67 billion. (FASHION UNITED)
L’Oreal Groupe Announces 2024 Annual Sales Results. The group reported a 5.1% like-for-like sales growth and 43.48 billion euros ending December 31, 2024. (BEAUTY PACKAGING)
Eternal Beauty Revives Hong Kong IPO Bid. The Hong Kong-based fragrance distributor partners with Hermès, Van Cleef & Arpels, Chopard, Albion and Laura Mercier in mainland China, Hong Kong, and Macau. (WWD)
Shiseido Sees 73% Decline In Annual Profit. The company posted an operating profit of 7.58 billion yen (US$49.9 million) for the fiscal year ending December 31, down from 28.13 billion yen the previous year. (GLOBAL COSMETICS NEWS)
K18 Signs Distribution Deal with Sally Beauty’s Salon Segment. The range will enter Beauty Systems Group stores in the U.S. and Canada, along with e-commerce, in April. (HAPPI)
DBG Group Acquires MCoBeauty. Businessman Dennis Bastas’ company has taken full ownership of the Australian beauty brand. (RETAIL BEAUTY)
Rihanna Taps GloRilla As Fenty Beauty Face. The hip-hop artist is the brand’s first-ever joint ambassador. (COSMETICS BUSINESS)
